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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts
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To: ajtj99 who wrote (37)4/29/2020 10:22:19 AM
From: ItsAllCyclical3 Recommendations

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ajtj99
The Ox
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XLU not confirming either. Should be closer to the top end of it's range if we're in for a faster recovery. Yield looks decent/safe in an environment with low interest rates for longer. Rally more about the FOMO and chasing beta right now. Also lagging I guess due to rotation? Just surprised at how noticeable it is this morn. Utilities have less demand from industrial/business customers so that's part of it, but again if this recovery is real we should be looking past that.

Semi's probably the best gauge and they made a new ST high. Looks like they might be heading to test the gap around 140 ish area (SMH currently 136.7)

Gold stocks (GDXJ) made a new ST high relative to gold this morn. Gold down, but GDXJ up. Still seeing massive accumulation w/in the sector. Can still see a 10% correction at any time here, but more than likely a pause w/maybe a 5% correction maybe all we get before the next leg higher.
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